Current wave 3 in progress twtr coincides with dji wave 5 extension of wave 5 of super cycle. Current covid inspired correction in intermediate cycle temporary. Intermediate cycle target to trend line $44.
Kommentar:
Kommentar:
Kommentar:
Kommentar:
Order filled at 30.25 after what appears to be a completion of ABC correction, or wave 2 of intermediate cycle.
Kommentar:
Trade ist aktiv:
Kommentar:
Target at 43-47. Currently in wave 1 of wave 3.
Kommentar:
Wave 2 minor cycle
Kommentar:
2 scenarios can play out moving forward: a continuation in the near term upward trend, which confirms twtr is in wave 2 of the minor cycle. Second scenario is twtr is currently in wave 2 of intermediate cycle, and a large ABC correction is still forming. I will be watching for a breakdown of the current pennant and will close out the trade accordingly as 28 could be retested.
Kommentar:
Kommentar:
Or....
Kommentar:
Pennant breaking to the upside, which confirms wave 2 of minor cycle and a continuation of the uptrend, especially if it closes on the high today. Imo, this is forecasting a strong earnings report in a few days as we are entering wave 3 of the minor of wave 3 of the intermediate cycle. This will cause a strong upward push into the mid-40's, possibly reaching upwards to 47.
Kommentar:
Price movement appears to be validating current wave count. What I believe is the most likely scenario:
Kommentar:
Possible 3rd wave extension in progress.
Kommentar:
Wave 2 of the extension has the ability to retrace all of wave 1 of the extension towards 33.50. It should not go lower than 33.50 if the wave count is correct.
Kommentar:
Patience.
Kommentar:
Hmmm... To sell or not to sell. Target reached. But, is 47 in the cards?
Kommentar:
This is proceeding nicely. I am getting mixed up on what degree wave we are currently on. The last dip we had could have been an intermediate wave 4 albeit a small one. That appears to be the case for the other stocks I am following, so I have changed accordingly with TWTR and am assuming that we are currently on wave 5. I do believe the target of 47 will be met and possibly more. At this level though, I will pull the sell trigger on any hiccup.
Kommentar:
Position closed at 47.